The accrued expenses payable balance on january 1 relates

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Reference no: EM13580062

Schedule of Cash Payments EastGate Physical Therapy Inc. is planning its cash payments for operations for the first quarter (January-March), 2015. The Accrued Expenses Payable balance on January 1 is $15,000. The budgeted expenses for the next three months are as follows:

January February March

salaries 56,900 68,100 72,200

Utilities 2,400 2,600 2,500

other operation expenses 32,300 112,200 119,400

Other operating expenses include $3,000 of monthly depreciation expense and $500 of monthly insurance expense that was prepaid for the year on May 1 of the previous year. Of the remaining expenses, 70% are paid in the month in which they are incurred, with the remainder paid in the following month. The Accrued Expenses Payable balance on January 1 relates to the expenses incurred in December. Prepare a schedule of cash payments for operations for January, February, and March.

Reference no: EM13580062

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